Sunday, August 21, 2011

Raise Taxes? Reagan Would Have

Have a look at the chart below. Previous Presidents used a mixture of revenue and spending cuts over the years. Only Obama is being denied any chance to raise taxes. The taxes Obama did propose would have been the lowest in decades, far lower than Reagan, Bush I, and Clinton. He was called a socialist for it.

Instead, Republicans bitched and howled about the need to extend the Bush tax cuts for the rich, refused to consider any tax increases, despite claiming that deficit reduction was the most fantastically important thing in the world, and now blame Obama because of rising debt.

What the hell did they expect would happen?

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